Positions | Today | Yesterday | % Change | |
Longs | 51% | 50% | 1.96% | |
Shorts | 49% | 50% | -2.04% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Sell | |
Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar appreciated about 65 base points against the Canadian Dollar on Monday. The currency pair breached the monthly pivot point at 1.3128 during the end of yesterday's session.
A breakout occurred through the lower boundary of a one-week ascending channel at 1.3118 during the morning hours of Tuesday's session.
Given that a breakout had occurred, the USD/CAD currency pair is likely to continue its decline and probably aim at a support cluster formed by the combination of the 100-and 200-hour SMAs and the weekly PP at 1.3087 within this session.
However, technical indicators flashes buy signal on both the 4(H) and daily time frames.